Social Security, one of the nation’s oldest welfare programs, is set to start running out of money in about a decade — and Americans want Congress to take action, new polling finds.
In a poll of about 1,300 likely voters, Data for Progress found that a bipartisan majority of Americans — 84 percent — are “very” or “somewhat” concernedpay out full benefits to future generations. Eighty-three percent of voters, also on a bipartisan basis, support raising Social Security benefits in order to match current cost of living standards, and to ensure that everyone who has paid into the program will be able to access its full benefits when they’re of retirement age.
Plans to expand Social Security by taxing the rich are also popular. When asked about lawmakers’ bills that would raise taxes for Americans making more than $400,000 a year in order to pay for expansions of the program, 76 percent of respondents, including 83 percent of Democrats and 73 percent of independents and Republicans, said they “strongly” or “somewhat” support the proposal.
One such bill is the Social Security Expansion Act, introduced by Senators Bernie Sanders and Elizabeth Warren . The bill would increase Social Security payments by $2,400 a year, and would fully fund the program for the next 75 years, until 2096. It would also create more parity in the tax system, as it would eliminate the cap for Social Security payments for people making over $250,000. Currently, the income cap for Social Security taxes is $147,000, meaning that people making more than that stop paying into the program by the time they’ve made that amount of income in the year; for instance, people
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Survey Shows US Voters Want Congress to Expand—Not Cut or Privatize—Social Security83% of likely voters support Democratic proposals to expand Social Security benefits while just 7% support GOP plans to end the program in five years, giving the majority party a golden opportunity to maintain control of the House and Senate.—DataProgress
Read more »
Social Security & You: More mailbag questions on benefitsLast week, instead of writing a column centered around just one Social Security topic, I decided to just reach into my electronic mailbag (my email inbox) and answer whatever questions I pulled out of there. But I ran out of…
Read more »
Rising Energy Prices Could See Germany’s ‘Social Peace’ CollapseGermany’s economics minister believes that his country could soon face a collapse of “social peace” as a result of rising energy prices.
Read more »
Gun Applicants in NY Will Have to Hand Over Social AccountsNew York state is rolling out a novel strategy to screen applicants for gun permits by requiring people seeking to carry concealed handguns to hand over their social media accounts for a review of their “character and conduct.”
Read more »
Hitting the Books: Modern social media has made misinformation so, so much worse | EngadgetIn 'Tyrants on Twitter' Professor David Sloss explores how social media sites like Facebook, Instagram, and TikTok have become platforms for political operations which have very real and very dire consequences for democracy..
Read more »
Elon Musk tells Twitter he's terminating deal to buy social media giantElon Musk is terminating the agreement to by buy Twitter, alleging that the social media giant made 'false and misleading representations.'
Read more »